NYT: New Jersey Nabs 1,600 Financial Jobs From Lower Manhattan

The New York Times today is reporting that an incentive package offered by New Jersey has convinced Depository Trust and Clearing Corporation to move 1,600 jobs to Jersey City in 2012, but the company will keep its headquarters in Lower Manhattan.

The article reads:

New York is still vulnerable to New Jersey, which offers generous
incentives and where real estate costs are already lower. In February, New
Jersey’s development authority offered Depository Trust a package worth
$74.6 million over 10 years if it moved 1,600 employees to Jersey City when
its Manhattan lease expires in 2012.

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